Deals14 May 2026, 09:11 pm
IRB InvIT Fund Receives Offer for Solapur Yedeshi & CG Tollway
AI Summary
IRB InvIT Fund's Investment Manager received a preliminary, non-binding offer (NBO) from IRB Infrastructure Trust, acting through MMK Toll Road Private Limited, for the potential acquisition of two road assets: Solapur Yedeshi Tollway Limited and CG Tollway Limited. These revenue-generating assets, currently held by Private InvIT, are being offered together. The NBO, dated May 14, 2026, is subject to diligence and regulatory approvals. The Investment Manager will evaluate the offer as per applicable law.
Key Highlights
- IRB InvIT Fund received a non-binding offer for two road assets.
- The assets include Solapur Yedeshi Tollway and CG Tollway Limited.
- The offer is subject to due diligence and regulatory approvals.
- The assets are currently held by IRB Infrastructure Trust's Private InvIT.
- The Investment Manager will evaluate the NBO as per applicable law.